Barrington Research Raises Information Services Group (NASDAQ:III) Price Target to $5.50

Information Services Group (NASDAQ:III) had its target price hoisted by Barrington Research from $3.75 to $5.50 in a report issued on Monday morning,Benzinga reports. Barrington Research currently has an outperform rating on the business services provider’s stock.

Separately, StockNews.com raised Information Services Group from a “buy” rating to a “strong-buy” rating in a report on Monday, March 10th.

Information Services Group Price Performance

NASDAQ:III opened at $4.80 on Monday. Information Services Group has a one year low of $2.92 and a one year high of $4.86. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market cap of $231.62 million, a PE ratio of -68.56, a P/E/G ratio of 1.34 and a beta of 1.08. The stock has a 50 day moving average price of $3.70 and a 200 day moving average price of $3.44.

Information Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.045 per share. The ex-dividend date is Friday, June 6th. This represents a $0.18 annualized dividend and a yield of 3.75%. Information Services Group’s dividend payout ratio (DPR) is 120.00%.

Institutional Investors Weigh In On Information Services Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in Information Services Group during the first quarter worth $267,000. Invesco Ltd. increased its stake in Information Services Group by 22.5% during the first quarter. Invesco Ltd. now owns 20,546 shares of the business services provider’s stock worth $80,000 after acquiring an additional 3,780 shares during the last quarter. Blair William & Co. IL increased its stake in Information Services Group by 6.5% during the first quarter. Blair William & Co. IL now owns 881,294 shares of the business services provider’s stock worth $3,446,000 after acquiring an additional 54,056 shares during the last quarter. Seizert Capital Partners LLC increased its stake in Information Services Group by 80.1% during the first quarter. Seizert Capital Partners LLC now owns 101,525 shares of the business services provider’s stock worth $397,000 after acquiring an additional 45,161 shares during the last quarter. Finally, XTX Topco Ltd increased its stake in Information Services Group by 110.9% during the first quarter. XTX Topco Ltd now owns 31,873 shares of the business services provider’s stock worth $125,000 after acquiring an additional 16,762 shares during the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

About Information Services Group

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.